Maintaining a pre-retirement lifestyle in retirement is now the top concern of Americans participating in defined contribution plans, such as 401ks and IRAs. According to some surveys, nearly half of respondents are nervous about potential declines in their standard of living. A majority of those who say they are concerned have no other earnings outside […]
What are investments?
An investment is something that you put money into with the expectation of earning a profit. For example, you might buy shares of ownership in a company. If the company does well, the value of the stock will go up, and you can sell it for more than you paid.
Learn more about investing from our financial advisors below.
Life insurance has been a big part of my lifetime business practice, and it has been a part of building portfolios and planning my client’s future. I was trained in the Northwestern Mutual system, which bases its sales practices on a solid and thorough fact finder, helping prospects set and attain their goals and providing […]
Physicians are taking the brunt of lowered medical costs reimbursements. Increasingly, medical providers are deciding not to handle Medicare patients any longer; instead, they are offering services to those over age 65 with their actual cost of services being billed. The Medicare enrollee has no viable option of asking Medicare for reimbursement and is faced […]
Many people are shocked at how much of their tax-deferred balances will be erased by current taxes when funds are withdrawn, and it is not uncommon for these accounts to have amassed seven figures. Little attention is often focused on what will happen to one’s hard-earned money when it comes time to withdraw it from […]
Fees Can Really Cost You When it comes to investing, every little bit counts. And while a small annual fee may not seem like a big deal at the time, it can add up over the years and significantly impact your investment returns. For example, let’s say your portfolio is at $500,000.00 and you are […]
What Method Should You Choose to Pay Off Your Debt? “10 percent of the people in this world use debt to get richer. 90% use it to get poorer.” -Warren Buffett Getting rid of a debt at any time is a great idea. After all, carrying a heavy debt is known to cause various psychological […]
“Happily ever after” is typically the ending of a fairy tale. But it’s more than that. It’s also the way we want to retire. What does it take to have a long and happy retirement? This has been the subject of study by Ph.D.s in countries around the world. Before I go on, how would […]
Simply put, market risk means that you can lose money from an investment you make in the stock market should the stock market go down. For example, if you look at the years 2000-2010, the S&P 500 Index was down around 24%. So, if this was your investment of choice over those years, you would’ve […]
Are you searching for a way to increase your financial security and get ahead? If so, it’s time to look beyond simply earning more money – it’s also essential to focus on boosting your net worth. By understanding the basics of increasing your net worth and implementing a few steps, you can build a secure […]
Retirement is a time of life to look forward to, but understanding the associated tax obligations regarding retirement income can be intimidating. This blog will take you through the basics of retirement tax obligations, analyzing the different types of retirement income and potential strategies for reducing taxes owed. As always, consult your tax and retirement […]